Purchasing Rental On Seller Financing During Coronavirus

[Joe A Warner]

Hello!

Long story short the pictures showed that the tenant does not currently take care of the property and there will be some rehab beyond what I was originally anticipating.

With that being said, the property still meets my requirements and cash flows nicely, but I would need the tenant out for the renovations and also am not sure the tenant in place currently aligns with my standards.

My questions is... Should I negotiate in that the seller remove the tenant before giving me possession or should I remove the tenant after I take possession? The tenant is currently on a month to month lease. I am not in an extreme rush, so if this deal takes a few more months to close I am fine with that.

I should also note that I live in one of my rentals with roommates (house hacking) and it is right next door to this one I am purchasing so the current tenant knows who I am as well.

Any advise on best way to handle this situation so that everyone wins?

Thanks!